In that sense, he proposed granting incentives so that the exporting sectors advance liquidations, because that, he assured, “means a better exchange rate.”
Regarding the fiscal front, he considered it necessary to put the magnifying glass on transfers to the provinces and public service rates.
In statements to the program “This morning”, which is broadcast on Rivadavia radio, the economist also assessed that there is an exchange rate gap “of an unusual magnitude and that, historically, has been corrected in Argentina with a devaluation of the official price”.
“But devaluing and nothing else, the only thing it does is generate more inflation and more liquidation of pesos. The key is that an eventual devaluation is accompanied by a significant reduction in the fiscal deficit and attractive interest rates,” he emphasized.
According to Artana, devaluations “must be avoided, but sometimes you can’t.”
In his opinion, “the central problem is the excess of pesos, which comes from the fiscal issue and the inconveniences that the Government has in accessing the debt in pesos.”
For this reason, he stated that it is urgent “to solve the structural problems and not apply financial or foreign exchange magic.”
With regard to inflation, he maintained that it could only be reduced through a “consistent and serious, stabilization plan that has political support,” but he clarified that, up to now, the government has not had that.
Source: Ambito
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